petrochemical and chemical industry development plan (2016-2020)” (hereinafter referred to as the “plan”) recently issued. Petrochemical and chemical industry is the traditional industry of our country, but also an important pillar industry of the national economy, occupies a large proportion in the industrial economy, is an important part of China manufacturing. “Planning” proposed to adhere to innovation driven, intelligent transformation, strengthen the foundation, green development, accelerate our country chemical power from the chemical power steering.

The high-end multi integrated intensive ecological

“13th Five-Year” is a period of China’s petrochemical and chemical industry entered a critical period of transformation and upgrading, manufacturing power, the development of the industry is facing severe and complicated environment, favorable conditions and restricted factors are intertwined, growth potential and downward pressure coexist.

From an international perspective, the world economic recovery is slow, and the deep impact of the international financial crisis still exists in quite a long period, rising trade protectionism. The large-scale development of shale gas, shale oil, Iran to return to the international crude oil market, rapid development has brought greater uncertainty to the international oil prices of fossil energy substitution technology. The Middle East, North America and other low cost of oil and gas resources from petrochemical production capacity have been put into operation, the global petrochemical market center for further transfer to the South and East Asia, part of the petrochemical product market more fierce competition. At the same time, the further implementation of “The Belt and Road” strategy, and provides new opportunities for domestic enterprises to participate in international cooperation.